Demand curves for pure public goods satisfy the law of demand.
A. True
B. False
C. Uncertain
A. True
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The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. evaluating the identified performance measures b. avoiding rewards for outcomes that are not included in the performance measures c. demonstrating that evaluators can be influenced with small favors d. identifying the relevant measures on which to evaluate employees
What is an automatic stabilizer?
A) It refers to a discretionary policy that is triggered when actual output is not equal to potential output to improve the economy's performance. B) It refers to a stabilization program that keeps inflation in check automatically. C) It refers to any government program that tends to reduce fluctuations in GDP automatically. D) It refers to a government program that is automatically triggered when the economy enters a recession.
A monopsonist hires the amount of labor where the marginal revenue product of labor equals the:
A. price of the monopsonist's product. B. wage rate. C. marginal factor cost of labor. D. marginal product of labor.
If Nepal is a net importer of computers, free trade will hurt the
A. domestic consumers of computers. B. domestic producers of computers. C. rich citizens of Nepal. D. poor citizens of Nepal.